New York, NY, April 24, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Fire Suppression Market by Product (Fire Detectors & Control Panels, Fire Sprinklers, Nozzles, Caps, and Control Heads, and Fire Suppressors), by Suppression Reagent (Chemical, Gaseous, Water, and Foam), and by End-Use (Residential, Industrial, and Commercial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global fire suppression market was valued at USD 22.72 billion in 2018 and is expected to reach USD 31.55 billion by 2025, at a CAGR of 4.8% between 2019 and 2025.
Fire suppression is a fire protection system that combines dry chemicals and wet agents to control and suppress fires. Fire suppression systems consist of different types of products, such as fire detectors and control panels, fire sprinklers, and fire suppressors. The global fire suppression market is projected to witness significant growth in the years ahead, owing to the growing number of accidents and increasing consumer awareness regarding fire safety. Additionally, technological advancements made related to fire suppression systems are further expected to boost this market’s growth. However, the high installation cost of fire suppression systems may hinder the fire suppression market expansion globally. Conversely, the stringent government regulations toward building safety codes are expected to offer ample growth opportunities for fire suppression market over the estimated time period.
Browse through 54 Tables & 28 Figures spread over 110 Pages and in-depth TOC on “Global Fire Suppression Market Size & Share 2018 Report: Industry Type, Demand, Growth, Trends, Analysis, and Forecast to 2025”.
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The global fire suppression market is segmented on the basis of product, suppression reagent, and end-user. By product, the market includes fire detectors and control panels, fire suppressors, and fire sprinklers, caps, nozzles, and control heads. Fire sprinklers were major contributors to the global fire suppression market in 2018 and are expected to maintain their position in the market. By suppression reagents, the market includes water, chemical, gaseous, and foam. The global fire suppression market is segmented based on end-use into residential, industrial, and commercial. The industrial segment holds the largest share of the global fire suppression market, due to the increasing demand for fire suppression in manufacturing industries and industries, such as oil and gas and chemical.
By region, the Asia Pacific dominated the global fire suppression market in 2018 and is projected to continue its dominance in the future as well. The growing infrastructural activities in India, China, and Japan are expected to propel the regional demand for fire suppression in the future. Moreover, the stringent regulations, policies, and government mandates towards fire safety are further projected to boost the demand for fire suppression market. China dominated the global fire suppression market in 2018 and is expected to continue its dominance in the future as well. The development of fire safety norms, such as Japan Fire Retardant Association (JFRA), China Fire Protection Association, and Fire and Security Association of India (FSAI), are also expected to fuel the region’s fire suppression market.
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The North American fire suppression market is anticipated to show the highest CAGR in the years ahead, owing to the rising demand for fire suppression systems in the commercial sector. Moreover, the fire suppression systems are widely used in power plants for ensuring protection against fire in various locations, such as cable trays, control rooms, coal handling, turbine areas, boiler buildings, cooling towers, and fuel storage and handling areas. Thus, the increasing number of power plants in the region is further estimated to increase the demand for fire suppression.
The European fire suppression market is anticipated to grow significantly in the upcoming years. The stringent rules and regulations by the government are supporting the installation of fire protection systems in buildings, which, in turn, is expected to fuel the fire suppression market. UK and Norway are projected to drive the European market growth in the future.
Browse the full “Fire Suppression Market by Product (Fire Detectors & Control Panels, Fire Sprinklers, Nozzles, Caps, and Control Heads, and Fire Suppressors), by Suppression Reagent (Chemical, Gaseous, Water, and Foam), and by End-Use (Residential, Industrial, and Commercial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/fire-suppression-market
The Latin American fire suppression market is projected to grow substantially owing to rapid industrialization. The rising application of fire suppression in manufacturing industries is also expected to fuel this regional market’s growth. Brazil is anticipated to be the largest user of fire suppression in the region. The region’s emerging industrial and commercial construction is likely to increase the application of fire suppression.
The Middle Eastern and African fire suppression market is predicted to grow gradually, due to the increasing demand for fire suppression in industrial applications and rising application of fire suppression in the oil and gas industry.
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Some key manufacturers of the global fire suppression market are Johnson Controls, Siemens, United Technologies, Halma, Robert Bosch, Hochiki, Honeywell, S&S Fire Suppression Systems, Firefly, Marioff Corporation, Fenwal Controls Japan Ltd., and Minimax Viking.
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This report segments the global fire suppression market into:
Global Fire Suppression market: Product Analysis
- Fire Detectors and Control Panels
- Fire Sprinklers, Nozzles, Caps, and Control Heads
- Fire Suppressors
Global Fire Suppression market: Suppression Reagent Analysis
- Chemical
- Gaseous
- Water
- Foam
Global Fire Suppression market: End-Use Analysis
- Residential
- Industrial
- Commercial
Global Fire Suppression market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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